The Shareholders' meeting approves the 2018 Financial Statements and confirms the Board of Directors

• Record revenue and profitability results for the Group
• Michele Cinaglia and  Paolo Pandozy confirmed Chairman and Chief Executive Officer, respectively 
• The new Rome EUR site is operational with over 22,000 square meters of spaces and 2,000 workstations
  
  

The Shareholders' Meeting of Engineering Ingegneria Informatica S.p.A., held today, has passed the following resolutions:

Approval of the Financial Statements - the Shareholders' Meeting approved the 2018 financial statements which saw the production value settle at 1,180 million euro, a growth of around 15%, and the Adjusted EBITDA reach 147.2 million euro. The net profit stands at 57.7 million euro, up 10.4% compared with 2017. The Financial Position has improved from -138 to -69 million euro.

Appointment of the Board of Directors - the Shareholders' Meeting appointed the Board of Directors which will remain in office for the next 3 financial years, until approval of the 2021 financial statements, confirming the number of members at 11.

On the basis of the lists presented, the following Directors have been appointed:

Michele Cinaglia - Chairman
Paolo Pandozy - Chief Executive Officer
Armando Iorio - Counselor
Gabriele Cipparrone - Counselor
Giancarlo Rodolfo Aliberti - Counselor
Marco Bonaiti - Counselor
Emilio Voli - Counselor
Fabio Cosmo Domenico Cané - Counselor
Stefano Bontempelli - Counselor
Michele Quaranta - Counselor
Giovanni Camisassi - Counselor.

At the end of the Meeting, the Board of Directors confirmed Michele Cinaglia, founder of the Group, as Chairman and Paolo Pandozy as Chief Executive Officer of the Group.

Independent auditors: lastly, the Shareholders' Meeting appointed Deloitte as auditors.